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New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case

The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.

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Author: Cheyenne Ligon

Terraform co-founder Do Kwon found liable for civil fraud: reports

A jury has found that the co-founder of Terraform Labs, Do Hyeong Kwon, misled investors and was found liable for civil fraud, according to multiple reports.  Deliberations began Friday afternoon after both sides made closing arguments in the morning, according to reporting from Coinage. The trial went on for two weeks.  The Securities and Exchange […]

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Author: Sarah Wynn

Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale’s Bitcoin Trust.

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Author: Cheyenne Ligon

Bitcoin Mining’s Boon for Small Town America

Will Foxley’s doc about a small Texas town’s embrace of a new mining facility paints a more positive story about Bitcoin’s impact on rural communities than typically reported.

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Author: Daniel Kuhn

Jury Begins Deliberations in Civil Fraud Case Against Do Kwon, Terraform Labs

NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app.

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Author: Cheyenne Ligon

Did Strong Bitcoin ETF Demand Kill Halving’s Potential Bullish Rally?

The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving.

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Author: Helene Braun

FTX estate sells $1.9 billion worth of locked up SOL for $64 per token: report

Galaxy Trading created a $620 million fund to buy up the discounted SOL from the FTX estate, Bloomberg reports.

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Author: MK Manoylov

BlackRock names Citi, Citadel, Goldman Sachs as bitcoin buyers for its ETF

Citadel, Citi, Goldman Sachs and UBS were revealed to be authorized participants of BlackRock’s spot bitcoin ETF in a new regulatory filing. They join firms such as Jane Street Capital and JPMorgan.

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Author: Elizabeth Napolitano

Ethereum Foundation Researchers’ Proposal to Slow ETH Issuance Draws Pushback

The proposal, initially introduced in February, could harden Ethereum’s native cryptocurrency, ether, as as a form of money – by reducing the inflation of new supply. But some members of the community say if it’s not broke, don’t fix it.

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Author: Margaux Nijkerk

CFPB report calls out crypto, warns of financial risks in video games and virtual worlds

The CFPB has set its sights on crypto-focused gaming in its report warning of scams among video games and virtual worlds. 

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Author: Sarah Wynn


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